For The First Time Ever, The Miami Heat Paid Rent

FINALLY: Heat Pay Rent
American Airlines Arena, where the Miami Heat basketball team normally plays, is shown Friday, Sept. 23, 2011 in Miami. (AP Photo/Wilfredo Lee)
American Airlines Arena, where the Miami Heat basketball team normally plays, is shown Friday, Sept. 23, 2011 in Miami. (AP Photo/Wilfredo Lee)

The financing on American Airlines Arena, which opened on Dec. 31, 1999, is unique. The Heat paid the full construction costs of the $213-million building, which is owned Miami-Dade County.

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